The digital assets linked to the beset crypto exchange, QuadrigaCX, might have been discovered. More than 600,000 Ethereum that were linked to three crypto exchanges Kraken, Bitifnex and Poloniex were transferred as storage by the deceased CEO Gerald Cotten, reveals new research by crypto outlet Zero nonsense.
The QuadrigaCX exchange in their statement told that they were unable to access $145 million in cryptocurrency due to the death of its CEO Gerald Cotten, who was the sole person in possession of its location and private keys.
The research used information from Kraken CEO Jesse Powell and MyCrypto CEO Taylor Monahan claims there is a “very strong possibility” that the deceased CEO of the exchange stored large amounts of ETH on the cryptocurrency exchanges Kraken, Bitfinex and Poloniex. The discovery, if true, may show that Cotten used the exchanges to store his clients’ crypto instead of using cold storage.
“Based on the transaction analysis included in the report, it appears that a significant amount of Ethereum (600,000+ ETH) was transferred to these exchanges as a means of ‘storage’ during the years that QuadrigaCX was in operation and offering Ethereum on their exchange."
"Given the testimony in Jennifer Robertson’s affidavit stating that neither she nor the other involved individuals at QuadrigaCX were knowledgeable about where Gerry Cotten was moving and storing crypto, it is very possible that QuadrigaCX, the creditors, and other entities are unaware of this discovery.”
In the light of these recent discoveries, Karken has announced an attracting reward of $100,000 for clues with the potential to help law enforcement simplify and solve the case. Here is the link where you can submit the tips if you want to win the reward.